Spyder
Outstandingly smooth equity curve. Try Market System Analyzer software to test position sizing alternatives.
As you know I just quit my job to trade - my girlfriend was placated in some way by your equity curve:)
Holmes - how do you determine your trades? Im going into a similar setup - position trading for a living.
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Who's your main broker? IB
How's your biz set up (i.e. sole prop, sub s, LLC, LLP)? LLC
How long have you been trading profitably? 1yr
What did you do b/f? Invmt...
I agree - people with ADD are more likely to be traders.
I get bored easily (was always top of my class so really think I need the mental stimulation of constant change).
Jack - you have helped my trading immeasurably. After two years of banging my head against a wall I have gotten it. Trading is 10% technical - 20% practice of those technicals, and 70% psychospiritual. You have nailed it above.
All the newbies will be saying - but how do we "do" that? Well...
Grob109/Jack:
That post you wrote is brilliant. I am now CST trading on daily charts, and it works.
Far fewer decisions to make than 'edge' trading.
One has to ... let go.
Muskoka Joe
That was a very very useful post. Thanks.
Are you in the market most of the time, switching direction, or are you only in occasionally?
The bank traders you mentioned, were they actually trading directionally or were they making markets?
Thanks for your posts. Re: above, are you saying they mainly look at DOM? What kind of hold times do they have on average - minute to minute or day to day?
Who is pushing it up overnight, and why? I understand in downtrend, as funds can push up overnight on low volume, then short at open and cover end of day. But in uptrend?